What the interest rate rise means for homeowners

by Joey Moloney, Alex Ballantyne, Kat Clay

09.05.2022 Podcast
Share

There are three words that strike fear into the heart of any homeowner, and those are: interest rate rise.

On Tuesday, the RBA raised the official cash rate by 0.25% to 0.35% and signalled there was more to come. This was swiftly passed onto homeowners, with several banks raising their interest rates on the same day.

But should you be worried? Well, it depends on who you are.

Join Joey Moloney, Alex Ballantyne, in conversation with Kat Clay, on what the interest rate rise means for homeowners.

Joey Moloney
Economic Policy Deputy Program Director
Joey Moloney the Deputy Program Director of Grattan Institute’s Economic Policy program. He has worked at the Productivity Commission and the Commonwealth Treasury, with a focus on the superannuation system and retirement income policy.

Kat Clay
Head of Digital Communications
Kat Clay is the Head of Digital Communications at Grattan Institute. She has more than a decade of experience in digital content and creative services across the non-profit and government sectors.

While you’re here…

Grattan Institute is an independent not-for-profit think tank. We don’t take money from political parties or vested interests. Yet we believe in free access to information. All our research is available online, so that more people can benefit from our work.

Which is why we rely on donations from readers like you, so that we can continue our nation-changing research without fear or favour. Your support enables Grattan to improve the lives of all Australians.

Donate now.

Danielle Wood – CEO

Grattan CEO Danielle Wood sitting on orange couch